Between 1958 and 1976, the Consumer Price Index went from 28.9 to 56.9.
Cumulatively, prices increased 96.9%, which works out to an average of
3.84% per year. Put differently, a dollar in 1958 bought what
$0.51 buys in 1976.
Common amounts: 1958 dollars in 1976
Amount in 1958
Value in 1976
$1.00
$1.97
$5.00
$9.84
$10.00
$19.69
$20.00
$39.38
$50.00
$98.44
$100
$197
$500
$984
$1,000
$1,969
$5,000
$9,844
$10,000
$19,689
$100,000
$196,886
$1,000,000
$1,968,858
Inflation by spending category, 1958–1976
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1958 spending costs in 1976, by category:
Category
Avg. yearly inflation
$100 in 1958 →
All items (CPI-U)
3.84%
$197
Medical care
5.28%
$252
Energy
4.20%
$210
Food
4.04%
$204
Core (all items less food & energy)
3.75%
$194
Transportation
3.71%
$193
Apparel
2.94%
$169
Not shown because the BLS began these indexes after 1958: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1958 to 1976: $100 is worth $197 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1958-to-1976/
APA: InflationCalculator.com. Inflation from 1958 to 1976. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1958-to-1976/